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Crude Traders Puke Production Cut Gains, Stocks Follow
Who could have seen that coming?
To this...
Or in more detail... when USDJPY stopped going up, algos flipped to crude - the other thing that was going up... but once the stops had been run to $39... it was over...
Add to that, liquidation fears, and WTO is testing a $36 handle once again.
Charts: Bloomberg
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I would be very nervous holding energy related credit at the minute.
How are you going to hold draw gains when there are 1000 full tankers lining up to fill that shit back to the brim?
Put it in the bath silly billy.
http://www.ibtimes.co.uk/azerbaijan-luxury-spa-lets-its-customers-take-b...
Memes and porn of course.
I'd be nervous holding any commodity in any form. You can only re-arrange the deck chair so many times before the ship slips beneath the waves. a lot of the market cheerleaders are starting to get pretty worried about their future paychecks.....
Just down to holding physical gold and silver - only sanity left.
Algos are having a field day hunting stops. Almost as easy as finding an intellectually challenged blonde in California. ( intellectually challenged; just being politically correct)
I just say "dumb fuck" which is an abbreviated form. And concise.
did I not say that oil and stocks (and gold for that matter) are in lock step and the other shoe needed to drop? did I not say KING DOLLAR?
the fun's just starting, folks... time for popcorn, the game is on...
Popcorn and tequila, since you might as well enjoy the apocalypse.......
King Dollar will get crushed next week with no rate hike, dovish talk to the point of talking more QE. Yep, race to the bottom and we need to regain the lead.
KING DOLLAR won't get "crushed" until oil is going for US$60+ per bbl again... no way that's happening next week... cash is king...
So time to short the Yen again?
They're out of control!
These markets are so thin and volume-less you can see through them like looking through a piece of cellophane.
WTF, with ES? lol That chart has nothing on a roller coaster ride at "Magic Mountain".
OT - fuck the IMF
its minute trading by the day. BOOM!
30 is the goal needed to starve the squid and it will come.
Isn't this the same shit they did a month or so ago when the FED was talking about raising rates at their last meeting? Typical.